GameStop is thriving thanks to stocks: The best memes from Twitter
GameStop is thriving after its stock price skyrocketed during the week. Redditors & gamers allegedly manipulated the stock market to squeeze hedge funds that were short selling the company. GameStop has huge brand recognition and love among the internet, and its adoring fans reportedly wanted to save the company from hedge fund managers trying to make a quick buck while it’s down.
If you’re unfamiliar with the practice, short-selling is when an investor borrows stock from a company, hoping it will go down. They then buy the stock at a lower price and sell it back to the company, keeping the profits. GameStop’s been the favorite target of short sellers long before the pandemic. However, Wall Street couldn’t keep its big mouth shut, and the internet found out.
Using basic knowledge of the stock market, they squeezed the short sellers by buying stock to make the price go up. That’s bad when you’re hoping the price goes down because you have to buy out of your short sell at some point. Now GameStop is trading around $300.
My husband explained that whole game stop thing to me yesterday but I didn't understand it until I got on Twitter today and saw the memes
— kelly rae ✨ (@teakwoodbetz) January 28, 2021
Sometimes lectures can’t help us understand this complex story, but memes are universal. Some of the new GameStop stinks memes are helping explain to some people, and some are just for a good laugh. However, as much as a meme, this all was before the price skyrocketed wall streets backlash is now a meme. Have a laugh at hedge fund managers’ expense.
I cannot get enough of the GameStop memes pic.twitter.com/8zsG7X4aN4
— Robert J. DeNault (@robertjdenault) January 28, 2021
Hearing these hedge fund managers complain about Robinhood users is pathetic. Like, don’t have sh**ty practices and acting like elitists a**holes. GameStop is thriving now. However, just like the market is volatile, so are the rules. You got played, and that’s the risk you take just like the rest of us.
The Big Short Squeeze
Cast: Wallstreetbets, Elon Musk, Reddit & Robinhood traders, Stonks (Meme Man). pic.twitter.com/sFx3ls3psu
— UpStock 🚀 (@upstockmy) January 28, 2021
First off, if you haven’t seen The Big Short. Great movie. We highly recommend it. If you still don’t understand what’s going on with GameStop and the stock market, watch it. This is going to be the cast of The Big Short 2.
Me liking Game Stop memes pretending I have a complete understanding as to what is going on pic.twitter.com/PcUFmk1zab
— Erin Dobbs (@ErinDobby) January 29, 2021
We’re the court jester‘s
We might not know what’s going on, but now we look like Jamie Fox in Django Unchained when he first puts on that blue suit.
I can’t stop laughing at this meme. #shortsqueeze #GameStop #melvincapital pic.twitter.com/3eu0ifKqtf
— Lead the Way Capital (@LTWCapital) January 28, 2021
GameStop might be thriving now, but it’s an awkward Fortune 500 company now. We love how its price is now up with its competitor Amazon.
I spent some half an hour and finally understood this meme. What's going on in stock market, GameStop and Hedge funds.. learnt new things like "short" and "short squeeze" pic.twitter.com/uDVRIzlheL
— •‿• (@guptamitali21) January 28, 2021
Why are you mad
Most of us don’t even know what’s going on – stop shouting! Stop yelling, you elitist pr*ck trying to blame us for your immoral practice of shorting companies we love to make a quick buck. We’re happy GameStop is thriving now.
I made a meme to sum up how I feel about the Reddit, Wall Street, stocks, AMC, GameStop thing pic.twitter.com/0H49seNUlR
— Cass (@Casaraptor) January 27, 2021
This week has been hilarious, and if you think otherwise, you’re part of the problem with these hedge funds. Whether you like it or not, the small traders or retail traders are important; they need protection just like the major funds.
This is the best Meme on Wall Street vs Reddit 😀#GameStop pic.twitter.com/7VdF2qHtir
— Yasir Mahmood (@MofaYasir) January 28, 2021
More Joker stuff
Redditors and gamers are trying to send a message. Stop shorting companies to make a quick buck, you a**holes. We figured out your game, and we’ll stop you.
😂 thanks to @mfoxhunter for finding this gem of a meme #GameStop pic.twitter.com/oSLUiDODuA
— eLouai – Stop the steal observer (@elouai) January 29, 2021
Bad idea Wall Street
Never tell the internet what it can’t do because they’ll always prove you wrong, and they’ll completely overdue it. The internet knows it took things too far with GameStop, but they also want to know how far they can take it. Hey, at least GameStop is thriving.
Best meme so far. @gamestop #stonks #boomer $GME pic.twitter.com/wqKTpWO6DR
— ⚡ Joey Riz ⚡ (@jerflash) January 28, 2021
Don’t hate the player; hate the game
You advise us not to get in the market because it’s too hard. Then we learn the rules and outplayed you, and you’re upset. You get to manipulate the stock market, but when we do it, it’s wrong? Give us a break, Karens. You’re acting like a toddler.